MakeMyTrip Signs Deal to Buy Majority Stake in Flamingo Transworld

Overview

• MakeMyTrip disclosed the proposed acquisition in a U.S. SEC filing, saying the majority-stake deal is subject to closing conditions with financial terms undisclosed.
• Flamingo Transworld is a 30-year operator focused on curated group tours, selling largely through 51 branches across Gujarat, Maharashtra, Rajasthan and Madhya Pradesh.
• The company says Flamingo’s group-travel expertise and distribution will be integrated with its digital platform to deepen penetration in regional markets.
• Flamingo’s offering includes chef-led tours, verified vegetarian and Jain kitchens, and regional-language tour managers that have cultivated long-standing customer trust.
• The move aligns with MakeMyTrip’s acquisition-led strategy and follows a quarter of rising revenue but a steep year-on-year profit decline, with operations also affected by Middle East airspace disruptions.